U.S. equity markets surged Monday, driven by renewed optimism that the Federal Reserve may cut interest rates in December and strong gains in artificial intelligence–focused technology stocks.
The S&P 500 climbed about 1.5 percent, while the Nasdaq jumped roughly 2.7 percent, and the Dow Jones Industrial Average added about 0.4 percent. The rally comes as investors kick off a holiday-shortened trading week, buoyed by signs that central bankers could ease policy soon.
